Basf (OTCMKTS:BASFY) Announces Earnings Results, Beats Expectations By $0.05 EPS

Basf (OTCMKTS:BASFY - Get Free Report) posted its quarterly earnings data on Friday. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05, Zacks reports. Basf had a return on equity of 6.63% and a net margin of 0.78%. The firm had revenue of $16.92 billion for the quarter, compared to the consensus estimate of $15.72 billion.

Basf Stock Up 0.3 %

Shares of BASFY traded up $0.04 during midday trading on Tuesday, hitting $13.03. The company had a trading volume of 430,608 shares, compared to its average volume of 244,083. Basf has a 1 year low of $10.57 and a 1 year high of $14.89. The company's 50-day simple moving average is $11.89 and its 200-day simple moving average is $12.01. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.03 and a current ratio of 1.87. The firm has a market capitalization of $46.52 billion, a P/E ratio of 81.44, a P/E/G ratio of 2.30 and a beta of 1.19.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. The Goldman Sachs Group raised shares of Basf from a "neutral" rating to a "buy" rating in a research note on Monday, November 11th. Berenberg Bank lowered Basf from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group raised Basf from a "hold" rating to a "buy" rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Basf has a consensus rating of "Hold".

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Basf Company Profile

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.